By Sheri Kasprzak
New York, Nov. 9 - The Guam Waterworks Authority sold $118.8 million of series 2010 water and wastewater system revenue bonds on Tuesday, according to a pricing sheet.
Citigroup Global Markets Inc. was the senior manager for the bonds (Baa2//BB)
The bonds are due 2015 to 2020 with term bonds due 2025, 2030 and 2040. Serial coupons range from 4% to 5%. The 2025 bonds have a 5.25% coupon priced at 98.989, and the 2030 bonds have a 5.5% coupon priced at 98.812. The 2040 bonds have a 5.625% coupon priced at 97.531.
Proceeds will be used to finance the authority's capital improvement plan for fiscal years 2010 through 2013.
Issuer: | Guam Waterworks Authority
|
Issue: | Series 2010 water and wastewater system revenue bonds
|
Amount: | $118.8 million
|
Type: | Negotiated
|
Underwriter: | Citigroup Global Markets Inc.
|
Ratings: | Moody's: Baa2
|
| Fitch: BB
|
Pricing date: | Nov. 9
|
Settlement date: | Nov. 23
|
|
Maturity | Type | Coupon | Price
|
2015 | Serial | 4% | 100
|
2016 | Serial | 4% | 99.006
|
2017 | Serial | 4.25% | 98.862
|
2018 | Serial | 4.5% | 98.729
|
2019 | Serial | 5% | 100
|
2020 | Serial | 5% | 99.242
|
2025 | Term | 5.25% | 98.989
|
2030 | Term | 5.5% | 98.812
|
2040 | Term | 5.625% | 97.531
|
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